New Westminster House Market Report – February 2024

In February 2024, the New Westminster house real estate market is classified as a Buyer's Market with an absorption rate of 1.8%. Conditions may favour buyers — there is relatively more supply than demand, giving buyers more choice and negotiating room. Always consult a licensed REALTOR® to assess your specific situation.

13 house properties sold in New Westminster during February 2024 based on MLS® records. There were 705 active listings at the start of the month. A total of 28 new listings came to market during the month.

The average house sold price in New Westminster in February 2024 was $1,679,462. Sold prices ranged from $1,049,000 to $2,060,000. Data is sourced from MLS® board records.

In February 2024, house properties in New Westminster averaged 54 days on the market before selling. With an absorption rate of 1.8%, the market is currently a Buyer's Market. A lower average days-on-market indicates stronger demand.

The average house sold price in New Westminster in February 2024 was $1,679,462, up 22% year-over-year compared to February 2023 ($1,376,382). Sales volume was down 23.5% compared to the same month last year. Data is sourced from MLS® sold records.